Patient Centric Healthcare App Market Overiew:

Patient Centric Healthcare App Market was valued at $10,235.0 million in 2016 and is expected to reach $113,728.3 million by 2023 with a CAGR of 40.9% during the forecast period. Patient-centered applications are tools that enable connection between practitioners, patients, and their families ensuring appropriate decision making for respective patients. Patient centric apps are developed considering the needs and preferences of the patients to manage their health effectively. A well-designed patient care application has the ability of increase the quality and efficiency of healthcare assisting the patients in managing their health in a better manner.

Demand for patient centric ecosystem, which is a collaborative participation of patient, healthcare providers, app developers, and mobile vendors drive the growth of the market. In addition, the rise in demand for personalized care apps and smartphone penetration also boosts the market. However, the unfavorable reimbursement policies pertaining to patient centric approach coupled with inadequate ratio of supply to demand side hamper the growth of the growth. Moreover, surge in transition towards digitalization and increase in demand for personalized care especially in developing economies is offering lucrative opportunities for key market vendors.

The patient centric healthcare app market is segment based on technology into phone-based app, web-based app, and wearable patient centric app. Phone-based app segment dominated the global market in 2016 and has witnessed same trend throughout the forecast period. Whereas, the wearable patient centric app is the most lucrative segment owing to the rise in demand for these apps in wearable devices for fitness management.

The patient centric healthcare app market based on operating system is segmented into iOS, Android, Windows, and others. iOS segment dominated the total market in 2016 owing to wide popularity of iOS devices such as iPhones and iPads developed for patient centric healthcare apps. However, android segment is expected to grow with a high CAGR during the forecast period as android devices are cost efficient and user friendly, hence the adoption rate of android devices especially in developing economies boost the growth of the patient centric healthcare app market.

The global patient centric healthcare app market based on region is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America dominated the patient centric healthcare app market accounting for one-third of the total market share in 2016 and is anticipated to lead throughout the forecast period. This is attributed to the extensive use of smartphones for accessing healthcare apps and websites in North America.

3.4.2.1. Time consuming as well as expensive changeover to a patient-centric approach
3.4.2.2. Inadequate ratio of supply to demand side
3.4.2.3. Lack of adequate training to doctors, the staff, and the physicians

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The utilization of healthcare apps is projected to witness a significant rise with the growth in digitalization worldwide. The patient centric medical app market has piqued the interest of healthcare providers, patients, and practioners because of several benefits offered by these devices to reduce healthcare spending, improve patient & doctor communication and manage patient health efficiently. There are remarkable technological advancements in the development of novel patient centric apps to provide advanced management options for chronic disease patients and to maintain healthy life style. As the market is saturated and is growing at a steady rate in the developed nations, the Asia-Pacific and LAMEA regions are expected to offer high growth opportunities to the key players in this market.

In addition, the rapid penetration of smartphones increase the usage rate of patient centric medical apps globally. At present, the rapid adoption of these devices are witnessed in developing economies for the use of novel apps for wellness management such as fitness, diet & nutrition and lifestyle and stress. Moreover, iOS operating system is projected to lead the market during the forecast period owing to the launch of iPhones and iPads with patient centric medical apps globally.